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Dec 5, 2012
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we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. >>> welcome back to "starting point." i'm christine romans. minding your business, u.s. oil production reaching its highest level in nearly 15 years. this is according to a new report from the energy information administration. daily production, daily output, averaged almost 6.5 million barrels per day in september, the highest level of oil output in the u.s. since 1998. eia says the increase is mostly due to the extraction process known as fracking, new technology to get oil in every nook and cranny. some coined a phrase saudi america for america's projected energy boom over the next decade. a report from last month from the international energy watchdog says the u.s. could unseat saudi arabia as the world's top oil producer by the year 2020. >>> quick market check this morning, u.s. stock futures are up, f
we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. >>> welcome back to "starting point." i'm christine romans. minding your business, u.s. oil production reaching its highest level in nearly 15 years. this is according to a new report from the energy information administration. daily...
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Dec 7, 2012
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maybe the economy is doing better than we thought? >> that certainly could be the case. >> the labor force declines. some people hopped out of the labor market, which might be one of the reasons why -- >> that might be sandy as well. >> diane, you were saying? i'm sorry. go ahead. >> these numbers are more -- less clarifying and adding more to the chaos than clarity because of sandy. and, you know, the underlying issues going on here, the breakdown. people jumping out of the labor force, that could actually be sandy or unemployment insurance claims are beginning to expire. we're seeing a lot of people taking retirement at 62. not because they can but because it's a bridge when they run out of unemployment. baby boomers, half the reduction in labor force participation rate in the last couple of years has been due to demographics alone. the other half very much a weak economy. i think these are all important things. unfortunately, my guess is that november is just not going to give us a lot of clarity on where we're actually going. >> t
maybe the economy is doing better than we thought? >> that certainly could be the case. >> the labor force declines. some people hopped out of the labor market, which might be one of the reasons why -- >> that might be sandy as well. >> diane, you were saying? i'm sorry. go ahead. >> these numbers are more -- less clarifying and adding more to the chaos than clarity because of sandy. and, you know, the underlying issues going on here, the breakdown. people jumping...
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Dec 6, 2012
12/12
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could get hit in the early part of the area if we go over the fiscal cliff, but the fundamentals of the economy are still good. >>> all right. apple stock dropped more than 6% yesterday. shares were down about half a percent in pre-market trading this morning. no concrete news pushing them down, but today there's another hearing in the patent case with samsung in california. and a tech research report generatored a lot of buzz that apple's tablet competitors could eat into its market share. >> interesting. >> thanks, christine. >>> well, the good news is, let's do the fiscal cliff and the good news. and it's not very much. but at least the two sides are talking, by phone. not face to face. house speaker john boehner and the president are hoping to break the fiscal cliff ice. now we're just mixing metaphors, left and right. speaking on the phone, 26 days left, of course, until we tumble over the cliff or slide down the slope or fall off the precipice or however you want to put it. we could, of course, face massive tax hikes, spending cuts. that's what the fiscal cliff is all about. it would all
could get hit in the early part of the area if we go over the fiscal cliff, but the fundamentals of the economy are still good. >>> all right. apple stock dropped more than 6% yesterday. shares were down about half a percent in pre-market trading this morning. no concrete news pushing them down, but today there's another hearing in the patent case with samsung in california. and a tech research report generatored a lot of buzz that apple's tablet competitors could eat into its market...
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Dec 3, 2012
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not just for the american economy but the world economy. we have a chance to do something very good for the country now. >> republicans, though, aren't happy with what i think you could call a first iteration of the plan. listen. >> i was just flabbergasted. i looked at him, said, you can't be serious? i've just never seen anything like it. >> that's majority leader boehner saying that he was stunned to get some of the details of what the president was planning. joining us this morning, carlos gutierrez. former commerce secretary under george w. bush. also former director of hispanic outreach for the romney campaign. nice to see you, sir. thank you for talking with us. >> pleasure, soledad. >> this morning i was talking to senator blumenthal. he was sort of saying i'm optimistic, i'm hopeful. where do you see that? i don't know that i see optimism. >> no. i agree with you. i'm very disapoented. you know, the big picture is more than just the fiscal cliff. and a lot bigger than do we raise taxes on people who are there to make more than $250
not just for the american economy but the world economy. we have a chance to do something very good for the country now. >> republicans, though, aren't happy with what i think you could call a first iteration of the plan. listen. >> i was just flabbergasted. i looked at him, said, you can't be serious? i've just never seen anything like it. >> that's majority leader boehner saying that he was stunned to get some of the details of what the president was planning. joining us...
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Dec 4, 2012
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and if you do, i think the american economy, i would be probably more optimistic about the american economy right now than certainly any part of the rest of the western world. so if you can get this sorted out, you can really move forward, and therefore, i think now that your elections are out of the way, i'm just speaking as an outsider, now your election is out of the way, there's going to be all this bargaining and positions, but my expectations, i hope, and the desire of the world, is sorted out, and we can move on, and then sort our own problems out. >> for those of us in the united states, we see sort of what seems to be two intractable issues. republicans saying we will not raise taxes on the top 2% of earners. the democrats say we're certainly not going to have cuts that hurt spending cuts that hurt the middle class. and as the proposals go on the table they seem intractable on it. >> they do. but you would expect them, the republicans to be more on the tax side and democrats to be more on the we're not cutting spending side. this is pretty routine type of argument. the question is,
and if you do, i think the american economy, i would be probably more optimistic about the american economy right now than certainly any part of the rest of the western world. so if you can get this sorted out, you can really move forward, and therefore, i think now that your elections are out of the way, i'm just speaking as an outsider, now your election is out of the way, there's going to be all this bargaining and positions, but my expectations, i hope, and the desire of the world, is...
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Dec 10, 2012
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what impact will that have on the economy overall? and really, quite frankly, if these tax cuts expire for everyone, it means the middle class will see an enormous tax increase upwards of $2,200 per family on average. that's unacceptable either. my sense is that, having been around for 14 years, we will get to some point of an agreement. the real will be whether john boehner will rely on democratic votes to get this passed. >> i guess the question is -- and everybody would agree on the tax thing. taxing the middle class, there's nobody standing up and saying, yes, taxes should go up on the middle class. let's put that in one category. the next category, which "the wall street journal" points out, is the spending issue. what gets cut? if we have a spending deficit of $1.3 trillions. we're over on our budget $1.3 trillion. what aggressively will democrats bring to the table for cuts realistically once the tax issue is passed? >> well, i can think of something that should have been done a while ago, which is that there should be a change
what impact will that have on the economy overall? and really, quite frankly, if these tax cuts expire for everyone, it means the middle class will see an enormous tax increase upwards of $2,200 per family on average. that's unacceptable either. my sense is that, having been around for 14 years, we will get to some point of an agreement. the real will be whether john boehner will rely on democratic votes to get this passed. >> i guess the question is -- and everybody would agree on the...